Aperam Supports EU Measures to Tackle Steel Overcapacity

Aperam has expressed strong support for the European Commission's proposal to combat global steel overcapacity. The proposed measures aim to alleviate the pressure on European producers caused by low-priced steel imports, predominantly from Asia.

Key aspects of the proposal include setting import quotas based on historical data and imposing a 50% tariff on imports exceeding these quotas. This strategy mirrors the U.S. approach and aims to protect the European steel sector from undue competition.

The introduction of the “melt and pour” rule is also welcomed by Aperam. This rule ensures the traceability of steel imports, enhancing transparency and preventing the circumvention of new regulations.

Aperam's CEO, Tim Di Maulo, highlighted the importance of these measures in maintaining fair competition and urged quick adoption by EU Member States and the European Parliament to ensure a sustainable market environment.